Explanatory variables | Direct effect | Indirect effect | Total effect |
Ifi | 0.0002844** (0.015) | −0.0001352 (0.467) | 0.0001491** (0.048) |
lnpgdp | −0.04827*** (0.000) | 0.1051319*** (0.000) | 0.0566617* (0.057) |
open | 0.0255763** (0.013) | −0.0228471 (0.392) | 0.484234 (0.125) |
lngov | 0.000735 (0.957) | 0.0266526 (0.486) | 0.0273876 (0.488) |